Argentina Economic Outlook
December 7, 2017President Mauricio Macri’s government scored an important political victory when it signed a landmark fiscal agreement with regional governors on 16 November. The deal aims to reduce Argentina’s significant fiscal deficit by limiting public spending and eliminating distortive taxes that undermine the competitiveness of goods and services in overseas markets. It attests to Macri’s increased political capital following a mid-term electoral victory on 22 October. The signing of the deal came as recent indicators point to stronger growth. The three-month average of monthly economic activity reached 4.3% year-on-year in Q3, suggesting that GDP growth accelerated notably in the quarter on the back of solid domestic demand. Strong domestic demand, however, has resulted in a widening current account deficit. This, coupled with elevated fiscal spending and a slower-than-expected drop in inflation, is putting pressure on the peso and could undermine government efforts to rein in inflation and fiscal spending.
Argentina Economic GrowthThe country is set to grow at a robust pace in the next two years on higher private consumption and fixed investment, the latter of which will be supported by improving business confidence. Met the why particular panelists see the economy expanding 3.1% in 2018, which is unchanged from last month’s forecast. For 2019, growth is expected to reach 3.2%.
Argentina Economy Data
5 years of Argentina economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||17.25||0.45 %||Dec 06|
|Stock Market||26,470||2.26 %||Dec 06|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Argentina Economic News
December 1, 2017
In October, industrial production grew 4.4% over the same month last year, according to the latest data released by the National Statistical Institute (INDEC).
November 28, 2017
At its monetary policy meeting held on 21 November, the Central Bank of Argentina (Banco Central de la República Argentina, BCRA) increased its main interest rate by 110 basis points, following an increase of 150 basis points on 24 October.
November 24, 2017
In September, the monthly indicator for economic activity (EMAE, Estimador Mensual de Actividad Económica) logged another strong reading.
November 24, 2017
In November, the Universidad Torcuato di Tella (UTDT) consumer confidence index remained stable at October’s 51.1 points.
November 14, 2017
According to the National Statistics Institute (INDEC), consumer prices in the greater Buenos Aires capital area rose 1.3% in October from the previous month, down from September’s sharp 2.0% increase.